20 Ordinary Americans Talk About The Economic Despair That Is Growing Like A Cancer All Around Them
We are a nation that consumes far more wealth than we produce. We are a nation that buys far more from the rest of the world than they buy from us. We are a nation that has a "buy now, pay later" mentality.
As a nation, we have accumulated the largest mountain of debt in the history of the world. 40 years ago, the total amount of debt in our system (government, business and consumer) was about 2 trillion dollars. Today, it is more than 56 trillion dollars.
The consequences of decades of incredibly foolish decisions are starting to catch up with us, and it is those at the bottom of the food chain that will suffer the most.
I could spend the rest of this article quoting 30 or 40 more statistics that show how bad things are, but today I wanted to do something different. Today, I wanted to share some quotes from some of my readers about what they are seeing where they live. The following are 20 quotes from ordinary Americans about the economic despair that is rapidly growing like a cancer all around us...
#1 David:
"Yes, the American economy is in the pits. I know five languages, have three degrees (including two graduate degrees), and have lived overseas for 16 years and I still can't find a job in the USA. Everything is broken in America. Maybe I should give up my American citizenship."
#2 Zach:
"I've been struggling since I finished college in the summer of 2010. My dream is to work in the courts, law enforcement but it's almost impossible to get a call back for an interview. I interviewed with Garland, Texas PD for a position in the city jail and I made the final 30 of 300 applicants that applied for the 3 positions."
#3 Akitawoman:
"I have two Master's degrees, am 61 years old and earning $10 per hour. What does that say about the current economy?"
#4 Cincinnati Dave:
"I work for one of the banks mentioned in your article. I was in mortgages. I saw all of this coming, so several months ago I asked to get into another area of the bank and fortunately, for me, they granted by request. A lot of people are losing their jobs and there is really no prospects out there for anything else whereby the same kind of money could be made. I will make nothing near what I had been earning but am at the least grateful to be employed. This is all so sad to watch happen."
#5 Iceman:
"I used to work for WF processing mortgages. The week that the rates went up, I was out of work, not one extra week of work."
#6 Tim:
"The U.S. economy is producing mostly part-time, low-wage jobs. These jobs barely pay enough to put food on the table."
#7 K:
"What I am aware of, is every person I know, who had to switch jobs in the last five years took a pay cut. The smallest cut among my friends was 10%, the average was closer to 18%. No we are heading down a bad road, and we are past the point of no return."
#8 Makati:
"After spending most of my life in the middle class, I now consider myself lower class due to age and income. Nothing wrong with that. I am still able to provide myself with what I need and some of my 'wants'. I am like most retirees today."
Read More Here
No comments:
Post a Comment
Hello and thank you for visiting my blog. Please share your thoughts and leave a comment :)